Plan Snapshot
- Plan Sponsor: Weldfit Corporation
- Sponsor EIN: 741695800
- Sponsor Address: 5056 BRITTMOORE ROAD, HOUSTON, TX, 77041
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $154,184 | $377,866 |
| 2024 | 240 | $8.2M | $501,805 | $1.4M |
| 2023 | 234 | $5.3M | $177,840 | $852,922 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CETERA INVESTMENT ADVISORS | Investment Advisor | $32,059 | — | $32,059 |
| THE VANGUARD GROUP, INC. | Recordkeeper | $18,775 | — | $18,775 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,834
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $544,825 | — | $30,061 | — | — |
| 2024 | $51,634 | — | $51,634 | — | — |
| 2023 | $16,776 | — | $16,776 | — | — |